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The economy is so bad that even the company behind Guitar Hero, the hottest videogame franchise in the world, couldn’t muster a profit in the holiday quarter.
Activision Blizzard on Wednesday posted a $72 million net loss in the fourth quarter, compared with an $86 million profit the year prior. It was the first full quarter for the company since its merger with Vivendi’s game unit, so the comparison isn’t exact.
Excluding deferred revenue and some charges, the company would have earned $429 million on net revenue of $1.64
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